Tracking a firming global trend, gold prices rose by R116 to R30,010 per
10 grams in futures trade on Monday as speculators enlarged their
positions. Sentiment bolstered after gold advanced in global markets as
the euro rallied against the dollar after Spain asked for a bailout and
on speculation that demand from China will be sustained. At the Multi
Commodity Exchange, gold for delivery in October rose by R116, or 0.25%,
to R30,010 per 10 grams, with a business turnover of 214 lots.
Veg oil imports to rise by 9% in ’11-’12
India’s vegetable oil imports are expected to rise by 9% to 9.48 million tonnes (MT) in the current oil year, an industry expert has said. The country had imported 8.67 mt of vegetable oils in the 2010-11 oil year (November-October). “I feel confident that India will import about 9.475 mt as outlined by me at POC in March for the oil year November 2011 to October 2012,” Godrej International director Dorab E Mistry said in a statement.
Natural rubber May output declines 3%
Natural rubber production has declined by 3% to 58,000 tonnes in May 2012, compared to 59,700 tonnes in the same month last year. The consumption of the commodity rose by 4% to 83,000 tonnes in May this year as against 80,120 tonnes in May 2011, Rubber Board data said. Imports of natural rubber rose by 13% to 18,419 tonnes last month from 16,293 tonnes in the year-ago period.
Veg oil imports to rise by 9% in ’11-’12
India’s vegetable oil imports are expected to rise by 9% to 9.48 million tonnes (MT) in the current oil year, an industry expert has said. The country had imported 8.67 mt of vegetable oils in the 2010-11 oil year (November-October). “I feel confident that India will import about 9.475 mt as outlined by me at POC in March for the oil year November 2011 to October 2012,” Godrej International director Dorab E Mistry said in a statement.
Natural rubber May output declines 3%
Natural rubber production has declined by 3% to 58,000 tonnes in May 2012, compared to 59,700 tonnes in the same month last year. The consumption of the commodity rose by 4% to 83,000 tonnes in May this year as against 80,120 tonnes in May 2011, Rubber Board data said. Imports of natural rubber rose by 13% to 18,419 tonnes last month from 16,293 tonnes in the year-ago period.
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